The global export market for ink-pads in 2023 was dominated by China at a value of $42.132 million, showing growth at 1.59%. Japan followed with $5.0841 million but decreased by 6.54%. Malaysia and India had mixed performances, with Malaysia dropping by 5.43% and India increasing by 4.34%. Noticeable declines were observed in Thailand at 15.76% and Singapore at 4.18%. Meanwhile, significant growth was seen in Belarus at 15.53% and Norway at 64.25%. Other countries experienced minor fluctuations, with some like Chile and Brazil witnessing substantial declines of over 30%.
Future trends to watch include the continued burgeoning growth of the Chinese market and potential recovery in Japan and Brazil, as mature markets may rebound. Innovations in eco-friendlier ink-pad solutions could also influence global dynamics, catalyzing demand shifts depending on environmental regulations and consumer preferences.
Top countries in Export of Ink-Pads by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 42,132,000 | 2023 | +1.7% | +1.59% | View data |
| 2 | 2 Japan | 5,084,100 | 2023 | -4.23% | -6.54% | View data |
| 3 | 3 Malaysia | 1,893,200 | 2023 | -0.96% | -5.43% | View data |
| 4 | 4 India | 1,448,200 | 2023 | +4.42% | +4.34% | View data |
| 5 | 5 Thailand | 610,930 | 2023 | -21.91% | -15.76% | View data |
| 6 | 6 Singapore | 200,700 | 2023 | -7.93% | -4.18% | View data |
| 7 | 7 Peru | 110,880 | 2023 | +0.96% | +1.18% | View data |
| 8 | 8 Belarus | 93,700 | 2023 | +4.53% | +15.53% | View data |
| 9 | 9 Russia | 23,890 | 2023 | +2.79% | +5.53% | View data |
| 10 | 10 Botswana | 18,660 | 2023 | +6.12% | +3.08% | View data |
